141 Cheri Ln, Panama City, FL, 32404
About This Home
This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located in a great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Construction Complete,Renovated
- Year built: 1984
Materials
- Roof: Composition
- Construction materials: Wood Siding,Siding CmntFbrHrdBrd
Type & Style
- Home type: Townhouse
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Electric Water Heater
Bathroom
- Level: First
- Area: 18
- Dimensions: 6 x 3
Bathroom
- Level: Second
- Area: 60
- Dimensions: 10 x 6
Bathroom
- Level: Second
- Area: 60
- Dimensions: 10 x 6
Bathroom
- Level: Second
- Area: 60
- Dimensions: 10 x 6
Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 8
- Full bathrooms: 5
- 1/2 bathrooms: 3
Features
- Newly Painted
- Flooring: Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 4,280
- Total interior livable area: 4,280 sqft
Kitchen
- Level: First
- Area: 80
- Dimensions: 10 x 8
Living Room
- Level: First
- Area: 169
- Dimensions: 13 x 13
Master Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Master Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Master Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Master Bedroom
- Level: Second
- Area: 117
- Dimensions: 13 x 9
Property
Details
- Parcel number: 25249300000
- Zoning description: Resid Multi-Family
- Special condition: Accept Backup Offers
Features
- Stories: 2
Lot
- Lot size: 0.26 Acres
- Features: Cleared,Dead End,Interior Lot,Level
- Lot size dimensions: 135 x 84
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tornado
- Coastal Flooding
- Cold Wave
- Heat Wave
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,188 | $38,256 |
| Home Insurance * | $642 | $7,704 |
| Property Taxes | $509 | $6,108 |
| Electricity | $430 | $5,168 |
| Total | $4,769 | $57,228 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-16 | Listed for sale | $650,000 |
| 2026-02-13 | Pending sale | $650,000 |
| 2025-10-01 | Listed for sale | $650,000 |
| 2025-07-07 | Listing removed | $599,000 |
| 2024-10-29 | Price change | $599,000 |
| 2024-08-01 | Listed for sale | $650,000 |
| 2022-03-18 | Sold | $450,000 |
| 2022-01-23 | Contingent | $420,000 |
| 2022-01-23 | Price change | $420,000 |
| 2022-01-21 | Listed for sale | $395,000 |
| 2020-05-12 | Listing removed | $190,000 |
| 2020-04-30 | Listed for sale | $190,000 |
For Sale by Agent
View on Zillow